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Trian takes off the gloves, aiming to put Peltz on P&G's board

By Michael Flaherty and Sruthi Ramakrishnan(Reuters) - Activist investor Nelson Peltz is seeking a seat on Procter & Gamble Co's board, taking public his frustrations with the company's lagging stock price and railing against its "suffocating bureaucracy."Trian Fund Management LP on Monday announced the nomination of its chief executive and co-founder Peltz, launching the largest proxy fight ever against a $223 billion consumer products juggernaut that sells everything from Tide detergent and Gillette razors to Pampers diapers. Peltz's nomination comes after five months of behind-the-scenes ...

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